The big news in housing today is that residential construction jumped above expectations in September. Housing starts rose 15% month-to-month, and permits for new construction increased 11%. Year over year, starts are over 30% up, while permits are nearly 45% up.
|By: David Dayen Wednesday October 17, 2012 12:00 pm|
|By: Dean Baker Monday January 2, 2012 1:00 pm|
Last summer news reports were filled with ill-informed predictions of a double-dip recession. Now there seem to be many accounts that misrepresent recent economic data to make a case for substantially stronger growth.